Inefficient power plants exacerbating circular debt crisis: report

The study by Islamabad-based think tank has blamed the obsolete and inefficientpower plants for circular debt crisis in the country. The report by Centre for Research and Security Studies (CRSS) highlighted the challenges facing Pakistan’s power sector and criticised the officials for their deliberate negligence. The report titled ‘Circular Debt Reduction Is Possible In a Single Click to Save Pakistan from Financial Catastrophe and Destabilisation’ has been compiled by Engineer Arshad Abbasi. It has been noted that deliberate non-use or under-utilisation of the most efficient power plants and continued payments to highly inefficient and outdated power plants are at the heart of Pakistan’s energy sector circular debt.